Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
₽ 202500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽75677

₽74834

₽66298

₽67385

S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

202 500

municipal

22 371

pensions

24 300

national

36 671

social contributions

2 177

total

85 519

Employee

78 568

175 059

municipal

9 704

23 155

pensions

3 143

7 002

national

15 038

38 388

total

27 885

68 545

Employer

78 568

175 059

social contributions

845

1 882

pensions

6 285

14 005

total

7 130

15 887

Corporate

111 617

202 500

income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

22 323

40 500

total

22 323

40 500

Dividends

89 293

162 000

withholding

19 645

35 640

total

19 645

35 640

Income

202 500

Total tax

76 983

76 140

84 432

85 519

After tax

125 517

126 360

118 068

116 981

Living cost

50 683

Free-cash

74 834

75 677

67 385

66 298

Estimated living cost is ₽50683 per week

₽34449

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽4711

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽759

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

₽10764

Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.

₽0

I'm drinking at home rarely or never.

₽0

I do not smoke or smoke very rarely.

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Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.